Home topics small-business-resources growth-import-export Featured Growth | Import | Export Small Business Featured The American question for small businesses William Shepherd November 8, 2016 There has never been a more eagerly awaited election in living memory. American voters will line up on November 8 th to cast their vote, most will be for Donald Trump or Hillary Clinton. Their decision will not simply affect political change in America, it will have far reaching global effects that will reverberate all the way to Australia. Small businesses across the country could be impacted, but the question is how? Four years ago, the American public were debating between President Obama and Mitt Romney. Regardless of the impending candidate, global markets remained steady. Largely, it was a campaign without huge scandal. Conversely, both Trump and Clinton have attracted controversy. This is an election that has split not only America, but divided the world. A Trump victory is guaranteed to cause shock (despite the close polls) and not simply in Democrats’ hearts. Trump has no political experience, and his policies are polarising. A Trump win is likely to cause a selloff in emerging markets (equities, currencies and bonds). There is already an existing correlation between Trump and emerging markets performance. When Trump increases his share in the polls, the emerging markets start selling off, and conversely rallying when Clinton was predicted to take the Presidency. The Australian dollar could easily be impacted by the damaging domino effect if Trump is elected president. He is a